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8705 W Bellfort Ave
Houston, TX 77031
West Bellfort Shopping Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- West Bellfort Plaza, 8705 W Bellfort Avenue, is an approximately 51,400-square-foot shopping center situated on 4.36 acres or 189,834 square feet.
- Anchored by Dollar Tree with a mix of internet-resistant retail, food, service, and medical tenants bringing the center near full occupancy.
- High-visibility property at a signalized intersection that sees traffic counts in excess of 36,000 vehicles per day on average.
- Retail rents in the Southwest submarket rose 2% year-over-year in Q4 2024 compared to a change of 1.2% across Houston as a whole.
EXECUTIVE SUMMARY
West Bellfort Shopping Center at 8705 W Bellfort Avenue is a storefront retail property presenting the opportunity to invest in the established Southwest submarket.
The center spans 51,400 square feet with a large storefront building and an outparcel building. West Bellfort Shopping Center sits on a 4.36-acre parcel with multiple points of ingress and egress. It is almost 100% leased, leaving vacant 1,610- and 2,400-square-foot spaces.
Currently, a doughnut shop, restaurant, beauty school, discount store, plasma donation center, dry cleaners, nail salon, Subway, and more join the Dollar Tree anchor. Walmart Neighborhood Market and national retailers such as King Dollar, Advance Auto Parts, Discount Tire, Boost Mobile, Metro by T-Mobile, Joe V’s Smart Shop, and more surround the center, drawing more traffic.
Bellfort Avenue is a primary commercial corridor for thousands of households and garners significant exposure with broad street frontage. This is a densely populated area, over 170,000 people live within a 3-mile radius, contributing to $1.4 billion in annual consumer spending. 8705 W Bellfort Avenue is accessible far and wide, with a strategic location 2 miles from the crossing of Beltway 8 and Interstate 69.
The Southwest retail submarket overall is performing remarkably well as its vacancy rate of 4.2% is well below the 10-year average of 6%. Neighborhood centers, such as West Bellfort Shopping Center, have seen a 2.8% year-over-year increase in rents while power centers have only seen a 1.7% increase in the overall Houston market.
The center spans 51,400 square feet with a large storefront building and an outparcel building. West Bellfort Shopping Center sits on a 4.36-acre parcel with multiple points of ingress and egress. It is almost 100% leased, leaving vacant 1,610- and 2,400-square-foot spaces.
Currently, a doughnut shop, restaurant, beauty school, discount store, plasma donation center, dry cleaners, nail salon, Subway, and more join the Dollar Tree anchor. Walmart Neighborhood Market and national retailers such as King Dollar, Advance Auto Parts, Discount Tire, Boost Mobile, Metro by T-Mobile, Joe V’s Smart Shop, and more surround the center, drawing more traffic.
Bellfort Avenue is a primary commercial corridor for thousands of households and garners significant exposure with broad street frontage. This is a densely populated area, over 170,000 people live within a 3-mile radius, contributing to $1.4 billion in annual consumer spending. 8705 W Bellfort Avenue is accessible far and wide, with a strategic location 2 miles from the crossing of Beltway 8 and Interstate 69.
The Southwest retail submarket overall is performing remarkably well as its vacancy rate of 4.2% is well below the 10-year average of 6%. Neighborhood centers, such as West Bellfort Shopping Center, have seen a 2.8% year-over-year increase in rents while power centers have only seen a 1.7% increase in the overall Houston market.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
51,400 SF
Building Class
C
Year Built/Renovated
1983/2009
Price
$11,300,000
Price Per SF
$219.84
Cap Rate
6.50%
NOI
$734,500
Percent Leased
95%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.27
Lot Size
4.36 AC
Parking
245 Spaces (4.76 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 0420450000035 | Improvements Assessment | $4,550,763 |
| Land Assessment | $1,518,672 | Total Assessment | $6,069,435 |
PROPERTY TAXES
Parcel Number
0420450000035
Land Assessment
$1,518,672
Improvements Assessment
$4,550,763
Total Assessment
$6,069,435
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